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20121210
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Search Results 0 to 29 of about 30 (some duplicates have been removed)
three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget sta
of libya's ire -- ire veal -- irrelevance of u.s. policy. go back to the libyan's fate, one, the u.s. relations with lip ya has been, you know, u.s. has always looked at libya as something of a strange creature that we could use for certain -- as a piece, of a strategy that had to do with the region as a whole. it was never looked at -- it was never seen as an object in and of itself. could start with the relation of the soviets, the eisenhower doctrine, and the united states' desire to push back soviet influence. libya was desperately pleading for u.s. attention back then, for aid, to get itself together, to stand on its own feet. this was before the discovery of oil, and the u.s. took a, well, you know, you're not really important as e just a minute, for example, and, you know, we'll think about it, and the result was that the prime minister of the time, you know, basically devised a plan to court the soviets and see if he could grab the united states' attention, and that happened. the next, you know, major event was the libya's and gadhafi's successful bid to change drastically th
on the skilled work force or how much there is a skill gap, i think this is a critical issue. i think that for us to have clear policies, we need to do a little better in clearly defining the challenge. first of all, i don't think there is any question that the main reason we are having higher unemployment right now is not structural. it is fundamentally cyclical, fundamentally the lack of demand that is still in our economy as we recover from the great recession. that said, that awareness, that recognition that ben bernanke and former cea sheriff lazar -- cea chair lazear should not undermine that we face temporary or futures skills gaps but there is three reasons we should be focused on this. number one, even the unemployment today that is fundamentally about cyclical demand can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, but lower and long-term unemployment, and that if we allow regions of our fellow citizens to stay unemployed for year or two years or longer, we know from
to go to brazil six months ago, if you told me the u.s. had just run faster, -- grown faster, 2.7%, we're expecting the u.s. economy to grow to%. the reason i raise this is to go down there and talk to policy makers and business people. we could have more taxes here, more regulation there. a little more cost of labor here. and a fair amount of uncertainty and take on one of the great economic miracles. they understand this thing they have a great economy growing rapidly is fragile and requires government to facilitate rather than later uncertainty. that is almost like a test tube of forcing. we had a time in which we had a huge amount of uncertainty. comes from -- some comes from government action. we had an aggressive regulatory agenda. we have not made a certain investments we have made. you add that up and you have a period in which businesses are operating under huge weight. creates the conditions under which businesses can operate in intellectual freedom. among the things government can do is create the conditions under which cost [no audio] to allow businesses to innovate. >> one
with some sad news today. a u.s. navy seal killed during the daring rescue of an american held captive in the heart of afghanistan. good morning i'm jon scott. jenna: i'm jenna lee. when we talk about the american captive, we have a picture of the doctor whose live was saved. he is dylan joseph, a native colorado. he was in afghanistan for humanitarian work when i was kidnapped by the taliban in a province east of kabul. national security correspondent jennifer griffin is live at pentagon with more. jen, do we have any details on the american who gave his life to save this doctor? >> reporter: they're waiting to contact the family so the military does not release the identity of the seal killed in that rescue attempt. we know he was a member of "seal team 6". not necessarily a member of the same group that carried out the usama bin laden raid. there are about 200 members of "seal team 6". this man, as you said, gave his life for his fellow american. here is a statement that was read by the spokesman for isaf today. >> it has been decided to start the operations since the assessment the
-bowles. erskin bowles will join us this morning, as well. if you have the democrats quoting him, the republicans quoting him, we'll very where he comes down and where things stand right now. >> you do simpson-bowles now instead of the bowls-simpson? >> i looked it up on going.. the more often cited is simple is son-bowles. >> the journal has an interesting piece. they don't like corker for breaking rank. they say why are republicans negotiating this themselves? they say let boehner do the negotiations. anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcin
be just the beginning of the day. wolf. >> alison on the scene for us, thank you. the president's taking a political risk by getting into michigan's union fight at the same time he's locked in a major battle in washington over raising ta spending cuts and more. let's bring in our chief white house correspondent jessica yell be. jessica, is it surprising the president decided to speak today on this right to work issue? >> reporter: wolf, the white house has come out very strongly against right to work laws. and the unions have been strong supporters of the president. but it is quite surprising the president was so forceful in his, expression of support today, after he had a more muted response during the election, after the scott walker recall effort. today, the president made his first comments on the michigan law, and it was indeed a forceful show of support for organized labor. here is the president. >> you know, these so called right to work laws, they don't have to do with economics. they have everything to do with politics. what they're really talking about is giving you the right t
negotiations. this is about a half an hour. [inaudible conversations] >> morning. thank you all for joining us this morning. i'm maya macguineas, i am working with the campaign to fix the debt, and i'm the president for the committee for a responsible federal budget, and i'm really excited to join a phenomenal panel that we have with us today to help the campaign fix the debt which is, um, a large, nonpartisan coalition that is focused on helping members of congress come together to put in place a comprehensive debt deal. so i'm very delighted that today what we have is a diverse and very experienced, um, group of panelists to talk about two major topics; tax reform and health care reform. all in the context of how are we going to work together to put in place a plan that would be able to tackle the nation's fiscal challenges. we will hear numerous different opinions, we will hear plenty of disagreement, and i hope we'll hear a lot of ideas about how to generate different, um, useful reforms to the budget that can help get a big deal put in place. and none of us should forget that what's going
now. okay. everybody's there. mandy? >> okay. joining us now we have a cast of thousands. dan mcmahon from raymond james. nathan backrat. and our very own rick santelli. thank you for joining us today. nathan, let's start with you. so 13 and a half trading days left. what do you do with those to make it worth it? >> y better have the right allocation to begin with. in the meantime guess what's gotten cheaper? europe. >> germany and france at two-week highs last week. >> there's a few countries over there. i like the relative value there. they've got a printing press. they're going to open that. what i learned is you don't fight the tape and don't fight a bailout. i've got about 30% off this country -- outside of this country. and added 10% in emerging markets. now i think that we've had a bloodless revolution again in china, i think it's a great place. look at emerging markets. better value while you wait around. >> and they've done well over the last year. it was just they've been the silent gain. you haven't quite realized they've been doing so well. >> i like it. i wouldn't ru
to believe that is the best route for us to take. speak loudly the decimal be part of the agreement and frankly public and colleagues have learned to say the government will not pay its debts and hold off or something else is bad substance and bad politics. >> obama aides say the company, the engine company in detroit called detroit diesel will announce $100 billion investment in new production as part of the president's visit. melissa: peter barnes, thank you so much. president obama and speaker john boehner are talking, signs of progress or more of the same? it worked in the white house, we're pleased to be joined by some economic writer for the "wall street journal." let's start with these comments from a republican from tennessee known to be reasonable suggesting increase the tax rates on the wealthiest 2% to move on and talk about entitlements getting a little it is realistic to see the deal that might alternately happen? >> hi, lori and melissa. do you think you wil you'll havw december 31? i think this thing will stretch out maybe a few hours before plunging off a cliff. lori
on the work rules and she joins us from london. >> for starters they have the right and protection to gameful unemployment. so the minimum guaranteed annual vacation here in europe not including national holidays is 20 days of paid vacation a year not including national holidays weekend additional time off in some countries it is much higher in france it starts at 2k3w5r7b teed days off. this summer t-- guaranteed days. it gave workers the right to a vacation don't over or give back. >> wait a sec. what possibly can that be? >> say you are skiing for two weeks for your christmas holiday and you sprain your ankle and you spend the last 8 days of your vacation laid up with a sprained ankles they go into your sick leave and you get a vacation do over. you have a right of 8 extra days of paid vacation to make up for the days you were ill on vay -- vacation. >> any time you go on vacation and get sick you get a do over. >> if you say i have a cold i had the flu they have to give you that back somewhere else. >> if you have a doctor's note it's not too hard to pay a doctor to give you a doctor's no
and be willing to negotiate on spending. >> i see the future. the president lets us go over and then proposes a tax cut for the lower 98%. >> could you vote against it? >> he could do that for the two -- the two top rates is $400 billion. but he's got to do something on spending to address the problem. >> thank you, senator, for your time. right now it's time for "squawk on the street." >>> good monday morning. welcome to "squawk on the street." we're here at the new york stock exchange. let's get a check on how we're setting up for the first trading session of the week. we certainly have a lot to chew on over the weekend with the sunday talk shows, focusing on the fiscal cliff. it looks like we're looking at a lower open for the dow. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's on
to get us going on a monday morning. happy monday to you. > > and also to you. > it is going to be a busy week. we have a fed meeting coming up this week, and a lot of people are talking about this so-called "gold storm." what does that mean? > > what people are doing is they are looking at this fed announcement that is coming up and seeing if the fed will make any kind of adjustment to the current policy that they have in place. there is some talk that they may adjust some of the duration of the treasuries that they are looking at purchasing, so the gold market may continue an upward rise right through $1,735. really i think the next key psychological level is $1,800. > what do you anticipate from the stock market? will we see any kind of follow-through on the jobs number this week? > > really we saw a very strong move just after the jobs number, but we saw a breakdown when the fiscal cliff talks started to develop. so continue to watch any of those talks with boehner and obama, and if they make any kind of progress. then we can see the s&p start to build momentum on that and travel upwa
definite answers coming with our panel. back with us nathan bachrach from the financial network. also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes.
route for us to take. peter: this afternoon, the president will speak in detroit. he will be speaking at and engine company, detroit diesel. obama aides said the company will also announce $100 million new investment and production as part of the president visit. dagen and connell. dagen: thank you very much, peter. peter barnes in washington. connell: groups of union workers expected to continue their protest against michigan becoming the nations 24th right to work state. dagen: we should point out, this just gives people the option of opting out from paying union dues. that is all that it does. the governor says he will not take on this divisive issue. low and behold, he is willing to sign it when it shows up on his desk. >> the governor did not want the kind of confrontation with unions, that, for instance, you saw in wisconsin. they put on a referendum on the november ballot saying we want to constitutionally banned the right of right to work. unions defeated the governor, one of the governor's favorite laws which is this emergency manager walt which he is trying to use to despera
signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white hou
far i'm growing demand overseas for supplies from the u.s. soybeans also dropping on slowing demand. david: peter kenny, to see his communicates, some of the best material on what is happening in the market around the world. we have him here live. and peter barnes with the latest developments on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day. the federal reserve will make a very active effort to continue to support risk assets. whether they're equities or commodities. the metals market had a very positive day, recovering a bit with the damage done last week. risk assets are doing well, but ove
is seriously good. cannot believe how great it works. incredible shine. i won't use anything else. love, love, love finish ! so far over a million neighbors, friends, and family have switched to finish. join the finish revolution. recommended by more dishwasher brands worldwide. >> reporter: we're live in san leandro where two men were trapped inside a burning big rig this morning. we'll tell you how the driver's previous training may have helped save his life. >>> a critical day in a high- profile murder case. in just hours, a woman convicted of killing a bay area nursing student learns her punishment. >> reporter: a couple found bound and gagged in the middle of a san francisco street. the discovery that turned into a homicide investigation. >>> and a huge day for a huge shipping company. why this could be a record- breaking day for fed-ex. >>> good morning. i'm dave clark. >> i'm it it. >>> we be -- i'm tori campbell. >>> we begin with a big rig fire. it happened at 3:00 this morning. tara moriarty is live with more. good morning, tara. >> reporter: good morning. it's a route that this tru
the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals threw four interceptions fumbled four times and gained 154 yards and seattle undefeated at home and then there's this. the new york giants scored only 52 points in the win over the new orleans saints. the star was the rookie and he returned the kick off for touchdown and all purpose yards and kept the giants in the lead. and major result for the economy. people having fewer babies, blaming the economy and one woman wh
, a discussion on the impact of skilled immigrant labor on the u.s. economy. at 11:00 q&a with crystal wright. there is another chance to see david cameron take questions from the house of commons. >> i don't mean just the channel but the able to find surprises. every month or every year i get some show that people are talking about that i don't think you can have imagined choosing. you could not convince me to choose honey boo boo. or a certain food channel networks. i don't think if i had to predetermine that was my preference i would have ever picked them. but the ability to stumble on them, to hear people talk about them and let me go into an environment and suddenly find i like honey boo boo and i'm watching its. i think that is a huge part of the experience and i think it is sold short. i still think a lot of americans love the enjoyment of escapism and being able to roam around the tv jungle finding things they did not know were there. >> ice -- i think people still love discovery. every month or every year, i hear some show people are suddenly talking about that i do not think you cou
. we have more on the life of the singer jenni rivera. what can you tell us? >> good morning. she sold 50 million records, won two billboard music awards and was a star of her reality show and served as a judge on a popular talent show in mexico. hard-working until the end. she performed the last concert saturday night in monterey, mexico, hours before dying in a plane crash on her way to yet another commitment. [ speaking spanish ] they call her diva. and for anyone who ever saw her on stage, it was easy to see why. she sang heartwrenching song that's spoke to the common woman, especially mexican-americans. >> translator: every song, every lyric i'm thinking of them and how i can relate to them. >> reporter: jenni rivera was born in long beach, california to mexican parents, their story of humble origins. with an interview in cnn, she spoke about how she sold records at a los angeles flea market and how the family expected cans for the meager income they could bring in selling the metal. >> translator: it is very flattering when they tell me i'm a great artist, a great entertainer. bu
scientist from the european council on foreign relations. i would like to ask you to map out for us the reasons why the you got this very prestigious prize -- the eu is very prestigious prize. >> it is the only institution that managed the transition from several non-democracies to democracy. it is the first revolution in history without blood. i think that is largely worth the nobel prize, not counting the decades before or after 1949. >> some say this award is not justified. what do you say to this criticism? >> i think if we're in a crisis in your opinion now -- the european union now, it should not avoid looking at the merits of the past. look back. obama -- many people were saying he did not deserve the nobel peace prize, but he deserved it because it was a statement that now the u.s. is shifting back from the bush administration to obama. i think the same is true for the european union. >> your assessment has been pretty upbeat so far. i want to put this to you. at the top of the show, we said this is a day of celebration for the eu. no doubt about that. it also indicates it m
suggesting that they continue to use the 85 billion number. i do not know if they can justify that quite frankly when you have the economic data that we continue to see. you mentioned china coming in, the increase in electric production which is a great sign meaning that the economy is picking up. there was a big fear that mcdonald's and the american consumer would step away. i have a hard time believing that the said will be able to go on their way and actually put something in place that will say we need to continue this. liz: mcdonald's is proving the naysayers wrong. all three parts of their business looking very healthy. it is not exactly dependable when it comes to any company. we are looking at a market that is in the narrowest trading sent october. >> take a look at some of these stocks. let's start with lockheed martin. you have a defense that you have a bleeding defense sector stock. that will obviously be impacted greatly depending on what happens. if you look at lockheed martin over the last six-eight weeks, it really has held its own. it is trading in a fairly narrow range.
skilled immigrants on the u.s. economy. a panel talks about how immigration laws affects mat scuents. we'll hear from mark warner. hosted by the university of virginia's center this is about an hour and 20 minutes. >> thank you, david. good evening. welcome to the national press club for the keynote round tail. i would like to pay special tribute to mark kaplan whose vision has made this annual conference possible. his commitment to public service has been stead fast through the years and we're grateful for his abiding friendship. i also want to recognize, as david has, the hard work of david, mike, jeff, of the center. who is responsible for convening this group of scholars, poice makers, and key figures from the private sector. as david highlighted this session i should point out that we examined the full spectrum over high skilled immigration in an effort to refrain current thinking about admission policies or highly skilled foreign born workers. experts provide different perspectives on the suggest and discuss the benefits and limitations of current and proposed policies. simply put,
that is so close to us and yet this is what historians have to do. our job is to complicate to take apart our common sense to interrogate what we think we know to demystify, demythologize, move beyond the cliche about winners and losers, saints and sinners, about the wisdom and courage of the forefathers especially those of the greatest generation. our job as historians is totally different story, the grounded benevolence, the life of joseph p. kennedy was an antique from house which if i looked at it long enough to reflect back to me often in pc and in distinct distorted form images of the events of people and places which organize and a range the story of 20th century america. >> as a historian i'm interested to tell you that the origin is of this book he introduced me to the kennedy family [inaudible] jean kennedy and investors that for the first time i was finishing up my first book and in my first biography i have used a treasure trove of materials that jean kennedy smith's daughter who is writing a collection was compiling a letters from her father to france and uncles had put me onto a
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Search Results 0 to 29 of about 30 (some duplicates have been removed)